BENGALURU (Reuters) – India’s Tech Mahindra on Wednesday missed second-quarter profit estimates, as clients cut back spending amid a tough macroeconomic environment.
Net profit fell 61.6% to 4.94 billion rupees ($59.42 million)from 12.85 billion rupees a year ago. Analysts on average expected a profit of 7.07 billion rupees, per LSEG data.
($1 = 83.1360 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)
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